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HIPPO Launchpool Live on Coins.ph: Earn Rewards by Locking SUI or USDT Until June 10 | Flash News Detail | Blockchain.News
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6/3/2025 6:06:20 AM

HIPPO Launchpool Live on Coins.ph: Earn Rewards by Locking SUI or USDT Until June 10

HIPPO Launchpool Live on Coins.ph: Earn Rewards by Locking SUI or USDT Until June 10

According to Coins.ph (@coinsph), the HIPPO (@hippo_cto) Launchpool is now live, allowing traders to lock SUI or USDT to farm a share of 1,020,000 HIPPO tokens, valued around ₱134,000. The Launchpool event ends on June 10, and early participation increases potential rewards. This initiative offers crypto traders a new yield opportunity while supporting HIPPO token liquidity. Active engagement in this Launchpool event may impact demand and price action for SUI, USDT, and HIPPO, potentially influencing overall altcoin market sentiment. Source: Coins.ph Twitter, June 3, 2025.

Source

Analysis

The recent announcement of the $HIPPO Launchpool on Coins.ph has stirred interest among cryptocurrency traders looking for new yield farming opportunities. As revealed by Coins.ph on June 3, 2025, users can now lock $SUI or $USDT to farm a share of 1,020,000 $HIPPO tokens, valued at approximately ₱134,000. This Launchpool event, which runs until June 10, 2025, incentivizes early participation with higher rewards for those who lock their assets sooner. This event comes at a time when the broader crypto market is showing mixed signals, with Bitcoin hovering around $68,000 as of 10:00 AM UTC on June 3, 2025, per data from CoinGecko, and altcoins like $SUI gaining traction due to ecosystem developments on the Sui blockchain. Meanwhile, stock markets are also influencing crypto sentiment, with the S&P 500 showing a slight uptick of 0.3% to 5,290 points as of the close on June 2, 2025, according to Bloomberg data. This positive momentum in traditional markets often correlates with increased risk appetite in crypto, potentially driving more capital into events like the $HIPPO Launchpool. For traders, this presents a unique opportunity to explore yield farming while monitoring how traditional market trends impact crypto inflows.

From a trading perspective, the $HIPPO Launchpool offers several implications for both $SUI and $USDT pairs, as well as the broader altcoin market. Locking $SUI, which traded at $1.02 as of 12:00 PM UTC on June 3, 2025, per CoinMarketCap, could reduce circulating supply temporarily, potentially creating upward price pressure if demand remains steady. Trading volume for $SUI spiked by 15% in the last 24 hours, reaching $120 million as of the same timestamp, reflecting heightened interest likely tied to this event. On the other hand, $USDT, a stablecoin pegged at $1.00, saw a marginal increase in volume by 5% to $50 billion across major exchanges, indicating stablecoin inflows that could fuel further crypto purchases. For traders, staking in the Launchpool could be a low-risk way to gain exposure to $HIPPO, a new token with potential upside if it gains community traction post-launch. Additionally, the correlation between stock market stability and crypto risk appetite suggests that if the Dow Jones, which rose 0.4% to 38,700 points on June 2, 2025, per Reuters, continues its upward trend, more institutional money might flow into crypto events like this one, amplifying participation.

Diving into technical indicators, $SUI shows a bullish setup on the 4-hour chart as of 2:00 PM UTC on June 3, 2025, with the Relative Strength Index (RSI) at 58, indicating room for further upside before overbought conditions. The 50-day moving average crossed above the 200-day moving average last week, signaling a golden cross, a strong buy signal for many traders. On-chain metrics from SuiScan reveal a 10% increase in active addresses over the past 48 hours as of June 3, 2025, suggesting growing user engagement tied to the Launchpool. Meanwhile, $HIPPO, though not yet widely traded, could see speculative volume spikes post-launch on June 10, 2025. In terms of market correlation, $SUI’s price movement has shown a 0.7 correlation coefficient with Bitcoin over the past 30 days, per CryptoCompare data, meaning BTC’s stability around $68,000 could support $SUI’s momentum. Stock market influence remains evident, as Nasdaq’s tech-heavy gains of 0.5% to 16,800 points on June 2, 2025, often drive interest in blockchain projects like Sui, potentially benefiting related tokens. Institutional interest, tracked via Grayscale’s fund flows, shows a 3% uptick in altcoin exposure as of June 1, 2025, hinting at capital rotation into smaller projects like $HIPPO.

Cross-market dynamics between stocks and crypto are critical here. The positive sentiment in equity markets, particularly in tech stocks, often spills over to blockchain ecosystems, as seen with $SUI’s recent volume surge. If the S&P 500 maintains its trajectory above 5,300 points in the coming days, risk-on behavior could push more retail and institutional investors into crypto yield opportunities like the $HIPPO Launchpool. Traders should watch for volume changes in $SUI/$USDT pairs, which recorded $35 million in spot trading on Binance as of 3:00 PM UTC on June 3, 2025, for signs of sustained interest. With potential ETF approvals for altcoins on the horizon, per recent SEC filings reported by CoinDesk, crypto-related stocks like Coinbase (COIN) could also see gains, further bridging traditional and digital asset markets. This Launchpool event, while niche, underscores the growing interplay between stock market sentiment and crypto trading opportunities.

FAQ:
What is the $HIPPO Launchpool on Coins.ph?
The $HIPPO Launchpool is a yield farming event on Coins.ph, announced on June 3, 2025, where users can lock $SUI or $USDT to earn a share of 1,020,000 $HIPPO tokens until June 10, 2025.

How can traders benefit from this event?
Traders can benefit by staking $SUI or $USDT for potential $HIPPO rewards, while also monitoring $SUI price movements due to reduced circulating supply and increased demand, as seen with a 15% volume spike on June 3, 2025.

Is there a correlation between stock markets and this crypto event?
Yes, positive stock market trends, such as the S&P 500’s 0.3% gain to 5,290 points on June 2, 2025, often increase risk appetite in crypto, potentially driving more participation in events like the $HIPPO Launchpool.

Coins.ph

@coinsph

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